Deportation Fears Front‑Load Remittances

Remittances to several Central American countries reportedly jumped 20% as migrants rush to wire money home before possible deportations. This is classic intertemporal substitution: people accelerate transfers now to hedge policy risk. In nations like Honduras and Nicaragua, where remittances approach a quarter of GDP, such spikes can distort exchange rates and household incomes. — It shows U.S. enforcement signaling can rapidly re-time billions in cross‑border cash flows, reshaping economies reliant on remittances and complicating policy evaluation.